Voya Investment Management LLC Boosts Holdings in Thor Industries, Inc. $THO

Voya Investment Management LLC boosted its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,356 shares of the RV manufacturer’s stock after acquiring an additional 179 shares during the quarter. Voya Investment Management LLC’s holdings in Thor Industries were worth $482,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Thor Industries by 135.6% during the first quarter. UMB Bank n.a. now owns 483 shares of the RV manufacturer’s stock worth $37,000 after buying an additional 278 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Thor Industries by 96.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the RV manufacturer’s stock valued at $61,000 after purchasing an additional 395 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Thor Industries by 336.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 785 shares of the RV manufacturer’s stock worth $61,000 after buying an additional 605 shares during the last quarter. eCIO Inc. acquired a new position in Thor Industries in the first quarter valued at approximately $62,000. Finally, Quarry LP purchased a new position in shares of Thor Industries in the 1st quarter valued at $94,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Thor Industries Stock Up 0.5%

Shares of Thor Industries stock opened at $106.32 on Friday. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 2.27 and a beta of 1.34. The company has a current ratio of 1.75, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. Thor Industries, Inc. has a twelve month low of $63.15 and a twelve month high of $118.85. The company has a fifty day moving average price of $103.17 and a 200 day moving average price of $88.45.

Thor Industries declared that its board has authorized a share repurchase plan on Monday, June 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the RV manufacturer to purchase up to 8.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

THO has been the topic of several research analyst reports. Robert W. Baird lifted their price target on Thor Industries from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday. Bank of America increased their target price on Thor Industries from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. BMO Capital Markets upped their target price on shares of Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday. KeyCorp raised Thor Industries from an “underweight” rating to a “sector weight” rating in a research note on Friday, August 1st. Finally, Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Thor Industries presently has a consensus rating of “Hold” and an average target price of $102.50.

Thor Industries Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.